Friday, April 30, 2010
Hello all, been a while since I visited the site but i thought this might be of interest to some of you curious as to whether we are working with a real and sustainable recovery. The linked site has some fascintating US data on consumer spending which paints a far less rosy, and probably more reliable picture of a consumer led recovery, suggesting perhaps this time stimulus on its own will not work. I guess that our leaders will probably just force more stimulus, if that turns out to be the case and continue to refuse to look at underlying issues. Then again one can only hope.